Accounting & Financial Management
Income for 2018 is projected to grow by 31 to 33 percent; Deal with Express Scripts to close by end of year.
Future growth and savings will come from Medicare Advantage, Medicaid and PBM IngenioRx.
Spending by private payers has grown at a faster clip, with growth hitting 7.4 percent compared to 2.3 percent for public payer spending.
Confusion over navigating the complex healthcare system translates into a significant customer-service cost burden for insurers.
It is the first study to examine financial conflict of interest in the publication of clinical trials that underpin FDA approval of new oncology drugs.
Majority of execs said they face increases in their labor budgets and staffing shortages are worse this year than last.
The financing package is a hybrid of taxable and nontaxable bonds that will, among other things, reimburse the system for more than $350 million in capital projects.
Hit especially hard were Massachusetts' community hospitals, with median operating margins plunging to 0.9 percent.
Automating core administrative functions equates to unlocking $15 million in operating income for every 100 full-time employees, Accenture says.
What looks like a nightmare for hospital finance executives is also an opportunity to reduce excessive losses typically associated with such claims.